New Delhi, India — June 7, 2016 — Alstom Bharat Forge Power Private Ltd. (ABFPPL), the joint venture company between GE and Bharat Forge Ltd., has signed a contract worth $219 million approximately (14950 M INR approx.) with NTPC Limited. The Company will supply two units of 800 MW ultra-supercritical Steam Turbine Generator Islands, on EPC basis, along with related civil work for the Telangana Super Thermal Power Project Phase-1 near Ramagundam, Karimnagar district of Telangana State, India.

The total power demand from the southern region is 34,000 MW. The 800MW Steam Turbine Generator Islands for the power plant will be the first with ultra-supercritical parameters and will help in meeting the ever increasing power demand of southern states in India by adding a much needed 1600 MW to the electricity grid.

Under the scope of the contract, ABFPPL will manufacture and supply two units of 800 MW Steam Turbine Generator Islands along with the associated civil work. The equipment for the project will be manufactured majorly at ABFPL’s state-of-the-art manufacturing facility at Sanand in Gujarat.

Alain Spohr, CEO & Managing Director, ABFPPL said, “We are pleased to provide our ultra-supercritical technology for NTPC’s prestigious project that will make a significant contribution to power generation in the state of Telangana. We are confident that we will continue to deliver innovative and technologically-robust power production solutions to meet India’s growing energy requirement.”

GE has more than 100 years of steam power experience. GE’s ultra-supercritical technology uses steam at very high temperatures and pressure, resulting in a much higher efficiency than conventional subcritical coal-fired plants. This means that an ultra- supercritical unit burns much less coal, generating less emission per megawatt of power output.

About Alstom Bharat Forge Power Limited

Alstom Bharat Forge Power Private Ltd. is a joint venture (JV) between GE and Bharat Forge Ltd, created to participate in the Indian market of turbines islands (steam turbines and generators, heat exchangers and all associated equipment). GE has a majority stake in this joint venture. This JV Company has set the cornerstone of its new manufacturing facility in India. The JV manufactures 300-800MW subcritical and supercritical equipment with an annual capacity of 4000 MW.

About GE

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

*Important Note:

On 26th November 2015, GE acquired ALSTOM’s shareholding in ABFPPL as a part of its global acquisition of energy business activities of ALSTOM. Until further update, ABFPPL will continue to operate under the name of Alstom Bharat Forge Power Private Limited name.